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Khaled El Salawy, ABK-Egypt CEO & MD Named “Banker of the Year” by Banker Middle East

Cairo - May 5th, 2018: Khaled El Salawy, CEO & Managing Director of Al Ahli Bank of Kuwait – Egypt, was named ‘Banker of the Year’ by Banker Middle East, during an annual gala dinner held at the Ritz Carlton DIFC in Dubai.  Mr. El Salawy was recognised for the Bank’s stellar profit growth in Egypt and for introducing innovative products into the market while raising the bar on customer service excellence.

Commenting on the award, Khaled El Salawy said, “I would like to thank the organizers for this recognition.  I am truly honoured to be receiving this award in a room full of outstanding bankers.   We have worked extremely hard as a team to position and grow ABK and to make a difference in a very competitive environment.  We strive to provide innovative products coupled with an unprecedented emphasis on superior customer service. This award validates our endless efforts to adapt to the constantly evolving financial sector in Egypt and is testament to the hard work put in by all the employees who have contributed to the growth and success of ABK-Egypt.”

Last year, ABK-Egypt recorded a net profit of 332 million Egyptian pounds. In addition, operating profit reached 511 million Egyptian pounds compared to 167 million Egyptian pounds in 2016. Customer deposits stood at 17.6 billion Egyptian pounds vs. 12.3 billion Egyptian pounds in 2016, which represents a 43 percent growth. Gross customer loans increased YOY by 52 percent in 2017 reaching 11 billion Egyptian pounds.

The Banker Middle East annual event is attended by more than 400 leading bankers in the region. The awards cover a variety of financial services including retail, corporate, investment, private banking, asset management, fund managements, finance companies and consultancy practices.

For more information about ABK please visit eahli.com or contact our Call Center on 19322.